Content Bank reconciliation statement: How To Get a Bank Statement How Bank Reconciliation Works Possible Human Error What Is the Purpose of Checks for Accounting? How To Get a Bank Statement Online How important bank reconciliations are cannot be stated enough as their value is highly significant. However, how frequently these reconciliations occur is completely […]

Content California law does not conform to federal law for the following: Federal Ordinary Net Gain or Loss Schedule E Tax Forms: Reporting Your Rental Income Question Q – Reportable transaction or listed transaction Shareholders’ Share of Income, Deductions, Credits, etc. Failure to File a Timely Return Arts, Entertainment, and Recreation Line 17 – Net […]

Content Ask Any Financial Question Example of Prepaid Expense What is the golden rules of accounting? Are Prepaid Expenses a Credit or Debit? Prepaid Expenses Definition This unexpired cost is reported in the current asset account Prepaid Insurance. On December 31, an adjusting entry will show a debit insurance expense for $400—the amount that expired or one-sixth of […]

Content Get the free retained earning on income stetement form Additional Resources How to Prepare a Statement of Retained Earnings: Step-by-Step Guide v2 Principles of Accounting — Financial Accounting Preparing a statement of retained earnings can be beneficial for a variety of reasons, including the following. As mentioned before, the RE of the period being […]

Content Get clear on your tax obligations Checkpoint Learning subscription packages Financial KPIs Allow You to Monitor and Readjust Determine how your firm will get paid Accounting for law firms: best practices Matter Management You can research this on your state government’s website, and consult with your CPA. The types of expenses you can deduct […]